How to Appeal a Tax Decision in Pakistan
Taxation is a necessary part of any society, but it can also be a source of frustration for taxpayers. When taxpayers believe that they have been treated unfairly by the […]
Tax Treatment of Foreign Source Income for Pakistani Residents
Pakistan is a country that attracts a significant amount of foreign investment and remittance flows. As a result, there are many residents in Pakistan who have foreign-source income. The tax […]
Understanding Property Income Tax in Pakistan: Allowed Deductions for Individuals
In Pakistan, property income is subject to taxation under the Income Tax Ordinance, 2001. Property income includes rent received from letting out a property, income from sale of property, and […]
Taxation Measures Under Finance Act 2022: Taxpayers Paid Billions in Legal Fees
Taxation measures taken by the FBR in Pakistan have caused quite a stir among taxpayers, with many taking to the courts to challenge the imposition of super tax, CVT on […]
Understanding Tax Deductions for Teachers in Pakistan
As a teacher or researcher in Pakistan, you are entitled to specific tax deductions and credits that can significantly reduce your tax liability. The Income Tax Ordinance of 2001 outlines […]
Basic Concepts of Income Tax in Pakistan
Income tax is a direct tax that is imposed on individuals, businesses, and other entities by the government. It is a key source of revenue for governments around the world […]
Tax Benefits and Exemptions for Judges in Pakistan
Judges in Pakistan enjoy several tax benefits and exemptions that are not available to other individuals. These benefits are outlined in Clause 55 of Part-I of the Second Schedule of […]
Understanding Tax Exemption on Profit on Debt for Non-Residents in Pakistan
As a non-resident earning income from profit on debt in Pakistan, it is important to understand the tax laws and exemptions available to you. The Income Tax Ordinance 2001 provides […]
How to Check Misuse of Your CNIC for Tax Purposes in Pakistan
The misuse of CNIC for tax purposes is a significant issue in Pakistan. Every taxpayer should be aware of the potential misuse of their CNIC and take steps to prevent […]
Understanding Termination Benefits Taxation in Pakistan
Income Tax Ordinance section 12 sub section 2 deals with the taxation of termination benefits received at the time of leaving a job, including golden handshake payments. Termination benefits can […]